Clearing price for supplying power to Texas grid –$31.65

Re:Clearing price for supplying power to Texas grid –$31.65 by smaddox on Sunday February 21, 2021 @11:56AM (#26214992)

Based on what I've read, my understanding is that the separate Texas grid and ERCOT exist because Texas politicians wanted (and still want) to avoid federal regulation. The parts of Texas that were not on the separate Texas grid, i.e. El Paso didn't lose power.

Are you saying that the rest of the US does not have a power market with appropriate regulations? Because as far as I can tell, this crises could have been completely avoided if we didn't have our own isolated grid.

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Re:Clearing price for supplying power to Texas grid –$31.65 by 0xBDB on Sunday February 21, 2021 @05:40PM (#26218058)

As far as I can make out, this narrative is simply not true, at least not with regard to power generation. Texas is subject to the same NERC regulations as the rest of the U.S. and Canada.

https://en.wikipedia.org/wiki/Texas_Reliability_Entity

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Re:Clearing price for supplying power to Texas grid –$31.65 by ceejayoz on Monday February 22, 2021 @07:59AM (#26223979)

That they are subject to some regulations doesn't mean they're subject to all.

https://www.nytimes.com/2021/02/21/us/texas-electricity-erco...

> One example of how Texas has gone it alone is its refusal to enforce a “reserve margin” of extra power available above expected demand, unlike all other power systems around North America. With no mandate, there is little incentive to invest in precautions for events, such as a Southern snowstorm, that are rare.

https://en.wikipedia.org/wiki/Deregulation_of_the_Texas_elec...

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Re:Clearing price for supplying power to Texas grid –$31.65 by 0xBDB on Monday February 22, 2021 @12:58PM (#26227766)

This makes sense, though I'm still not sure I understand exactly how it works. Thanks!

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